TSX Venture Exchange Temporary Pricing Relief to Expire August 31

Since August 2012 the TSX Venture Exchange has allowed temporary relief from pricing rules including the following, which were typically prohibited by TSXV Policies:

• Share/unit offering with an offering price below $0.05
• Debenture offering with a debenture conversion price below $0.10
• Offerings involving a warrant with an exercise price below $0.10

Earlier in August the TSXV announced that they would not be extending the temporary measures further and, therefore, they will expire on August 31, 2013.  Any private placements intending to rely on these measures must be completed by August 31, 2013.  At the same time as the TSXV announced the end of these measures, it announced certain permanent changes to its pricing policies.  For further details, see Some Important Pricing Policy Changes at the TSX Venture Exchange. 

For further details about TSXV pricing policies or TSXV matters in general, please contact LW Partner, Shane McLean, at smclean@lwlaw.com or one of our other securities law professionals.